The DAP vice-chairman described Malaysia as a rising star in the Southeast Asia region and said the unity government’s business-friendly policies were to thank for the uptick in foreign investments.

Nga said the nation’s economic growth, political stability, and strengthening ringgit were what attracted investors, Bernama reported.

“The ringgit has outperformed its regional counterparts to become the best-performing Asian currency thus far this year, after appreciating over 5% year-to-date,” he was quoted as saying.

Nga also said the stock market had shown strong momentum with the Bursa Malaysia KLCI rising more than 12% year-to-date.

He also pointed out the expansion of Malaysia’s GDP by 4.2% and 5.9% in the first and second quarters of the year, respectively.

“Malaysia is now back on the right track,” the Teluk Intan MP said.